Media Mahardhika
Vol. 21 No. 3 (2023): May 2023

THE INFLUENCE OF FINANCIAL RATIO ON PROFIT GROWTH IN MINING COMPANIES IN INDONESIA

Sri Handini (Universitas Dr. Soetomo)
R. Agus Baktiono (Universitas Narotama)
Bambang Raditya Purnomo (Universitas Dr. Soetomo)



Article Info

Publish Date
29 May 2023

Abstract

The purpose of this research is to test empirically the impact of the Dividend Payout Ratio (DPR), Net Profit Margin (NPM), and Return on Assets (ROA) on company profit growth. The samples used in this study were 17 mining sector companies listed on the Indonesia Stock Exchange (IDX) in the 2017-2019 period. Samples were taken using a census (saturated sample), namely by using the entire population as the sample. The data used are secondary data obtained from the IDX and the Annual Reports of each sample company. The data analysis technique used is multiple linear regression analysis technique. The results showed that partially, the Dividend Payout Ratio (DPR) had a positive but not significant effect on profit growth, while Net Profit Margin (NPM) and Return On Assets (ROA) had a positive and significant effect on profit growth. Simultaneously, Return On Assets (ROA), Net Profit Margin (NPM), and Dividend Payout Ratio (DPR) have a positive and significant effect on profit growth.

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Journal Info

Abbrev

mahardika

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Social Sciences

Description

MEDIA MAHARDHIKA is a peer-reviewed journal published by Department of Accounting, Faculty of Economics and Business, STIE MAHARDHIKA Surabaya Indonesia three times a year (Januari, May and September). MEDIA MAHARDHIKA aims to publish articles in the field of accounting and finance that provide ...